Audited Standalone & Consolidated Financial Results for the quarter and year ended 31st March, 2026
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Azad India Mobility Ltd (formerly Indian Bright Steel Co Ltd) reported strong financial results for FY2026. Standalone revenue grew to Rs. 6,493.51 lakhs from Rs. 903.18 lakhs in the previous year, representing over 7x increase. Net profit improved significantly to Rs. 239.30 lakhs from Rs. 7.21 lakhs year-on-year. The company is engaged in manufacturing EV Luxury buses. The statutory auditors R. Bhargava & Associates issued an unmodified opinion on both standalone and consolidated financial results. Key management changes include appointment of Mrs. Sabina Khurana as CEO and resignation of Mr. Ramesh Chandra Pareek as Independent Director. The consolidated results include figures of subsidiary NAE Mobility Private Limited.
Strong revenue and profit growth signals operational improvement, though significant equity raise of Rs. 7,443.18 lakhs was needed to fund operations as operating cash flow remained deeply negative at Rs. 4,165.23 lakhs.